Crypto analyst DonAlt has brought attention to a scenario where the price of Bitcoin could potentially drop to the mid-$40,000 range. He suggests that this price breakdown might be necessary for the continuation of Bitcoin’s bull run. In his analysis, DonAlt mentioned that Bitcoin had fallen back to around $60,000 and could face a potential
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The recent analysis by Santiment reveals a significant drop in transaction fees for Ethereum, with the average cost reaching as low as $1.12. This marks the lowest daily average cost since October 18th, 2023. The correlation between transaction fees and market sentiment has sparked discussions within the crypto community, highlighting the impact of investor confidence
Bitcoin has recently seen a significant drop in value, falling more than 15% from its mid-March peak and hitting a ten-day low of under $62,000. Analysts have been quick to point out that the Bitcoin halving has concluded, yet the cryptocurrency continues to print red candles. This has raised concerns among investors who are unsure
After the recent halving event, Bitcoin experienced a dip to $62,500, causing concern among traders. While the price briefly surged above $67,000, it has since been fluctuating in the $63,000-$64,000 range and currently sits at $62,000. The market saw over $100 million in liquidations due to this downturn. Despite this, analysts are hopeful for a
Yuga Labs, a prominent player in the crypto space, rose to fame in early 2021 with the launch of its popular Bored Ape Yacht Club NFT project on Ethereum. The company soared to a peak valuation of $4 billion during a $450 million funding round in 2022. However, recent developments have cast a shadow over
In a recent article by Nikita Ovchinnik, the Co-founder at Barter DeFi, the future of decentralized finance (DeFi) has been called into question due to regulatory action taken by the SEC against Uniswap. This action has raised concerns about the regulation of DeFi platforms and the potential impact on the industry as a whole. The
Google Cloud, the cloud computing arm of tech giant Google, has recently introduced a new platform tailored for blockchain developers. The Web3 portal is designed to assist developers in creating non-fungible tokens (NFTs) and decentralized applications (DApps) by offering a variety of resources and support. The Web3 portal by Google Cloud is a step towards
In the days following the halving event, the Bitcoin network experienced a significant increase in trading activity. This surge was not directly attributed to the halving itself, but rather to the introduction of a new token standard known as Runes. On-chain data revealed that the number of daily BTC transactions reached a peak of 927,000,
The latest on-chain revelation suggests that the Bitcoin network has been experiencing a decline in high-value transactions over the last few weeks. This decline in activity has had a direct impact on the price of Bitcoin, which has been struggling to break out of consolidation throughout the month of April. Despite multiple attempts to hold
The cryptocurrency platform Upbit, based in South Korea, has established itself as a dominant player in the country’s trading activity, accounting for over 80% of the market. However, its growing influence has raised concerns, especially as South Korea prepares to implement new legislation aimed at safeguarding investors in the aftermath of the TerraUSD stablecoin collapse